The Baht rose and the SET rebounded late in the week.

The SET index rose over-week, ending at 1,660.45 points, up 0.87% over-week. The average daily trading value was THB40,420.74 million, being 5.16% higher. The mai closed at 363.81 points, increasing 0.63% over-week.

The SET index rose early in the week along with foreign investors' net purchases of Thai stocks, while energy share purchases supported by global oil price increases. However, the SET index fell later amid concerns over global economic slowdown before rising slightly again at the end of the week in line with other regional stock markets, driven by optimism toward the US-China trade negotiation progress, as China offered to open cloud-computing sector to foreign companies, as well as the higher-than-expected China's trade surplus for 1Q-19.

​

Annotation

This research paper is published for general public. It is made up of various sources. Trustworthy, but the company can not authenticate. reliability The information may be changed at any time without prior notice. Data users need to be careful about the use of information. The Company will not be liable to any user or person for any damages arising from such use. The information in this report does not constitute an offer. Or advice on business decisions Anyhow.

Related Analysis

The Baht fell slightly against the US Dollar. The Baht briefly rose early in the week as the US dollar tumbled on a weak US New Home Sales report and falling US bond yields. However, the Baht reversed those gains and weakened later on the Fed Chairman’s viewpoint toward US overall economic and inflation outlooks that reinforced expectations of further US monetary tightening. However, the Dollar’s upside gains were capped later after the Fed Chairman said that there was yet to be seen any clear picture toward wage increases in the US. In addition, concern toward US trade protectionism weighed on the US Dollar sentiment. ... Read more

The Baht weakened against the US Dollar. The Baht fell to mid week amid the US Dollar short-covering ahead of the release of the latest FOMC minutes. The US dollar also gained on the US rate-hike outlook and rising US bond yields. However, the Baht pared some losses somewhat later in the week on investors’ position adjustments. ... Read more